JPMorgan Ultra-Short Municipal ETF $JMST Stake Boosted by Robinson Smith Wealth Advisors LLC

Robinson Smith Wealth Advisors LLC lifted its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST) by 30.0% in the third quarter, HoldingsChannel.com reports. The firm owned 77,073 shares of the company’s stock after purchasing an additional 17,772 shares during the quarter. JPMorgan Ultra-Short Municipal ETF comprises about 2.8% of Robinson Smith Wealth Advisors LLC’s investment portfolio, making the stock its 9th biggest holding. Robinson Smith Wealth Advisors LLC’s holdings in JPMorgan Ultra-Short Municipal ETF were worth $3,934,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of JMST. Creative Financial Designs Inc. ADV boosted its holdings in JPMorgan Ultra-Short Municipal ETF by 414.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 514 shares of the company’s stock worth $26,000 after buying an additional 414 shares during the period. Legacy Investment Solutions LLC purchased a new position in shares of JPMorgan Ultra-Short Municipal ETF in the second quarter valued at about $26,000. Park Place Capital Corp bought a new position in shares of JPMorgan Ultra-Short Municipal ETF in the second quarter worth about $41,000. Atlantic Union Bankshares Corp purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the second quarter worth about $42,000. Finally, Briaud Financial Planning Inc purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the second quarter worth about $45,000.

JPMorgan Ultra-Short Municipal ETF Price Performance

BATS JMST opened at $51.10 on Thursday. The stock’s 50 day moving average is $50.99 and its 200 day moving average is $50.97. JPMorgan Ultra-Short Municipal ETF has a 12 month low of $50.42 and a 12 month high of $50.98.

About JPMorgan Ultra-Short Municipal ETF

The JPMorgan Ultra-Short Municipal Income ETF (JMST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of US municipal bonds with a weighted average maturity of two years or less. JMST was launched on Oct 16, 2018 and is managed by JPMorgan Chase.